Dollar firms as bank earnings fail to excite Wall Street

Asian stocks were the session’s outperformers as Hong Kong’s Hang Seng index reached decade highs ... highs to trade 0.2 per cent lower at $1.1832 after the European Central Bank’s chief economist Peter Praet suggested a longer extension of its ... ( read original story ...)

BNM Explains Why You Can’t Afford a House

The central bank has resisted calls to loosen mortgage lending, instead saying the property ... affordability out of 18 metropolitan regions around the globe, with Hong Kong homes costing 19 times income and Beijing 14.5 times. Take a closer look at ... ( read original story ...)

The bank of the future

McKinsey's latest research reveals that at least 80 per cent ... the UK, New Zealand, Estonia, Hong Kong and Japan. As the digital future becomes inevitable, we understand that the one-size-fits-all approach in banking does not work anymore. ( read original story ...)

How Los Angeles Is the Future of Cities

Just ask Singapore, Hong Kong, or Dubai—cities that have thrived by building ... and why the U.S. economy remains so large and powerful. A McKinsey study found that 600 cities account for about 60 percent of global GDP. This city-heavy global economy ... ( read original story ...)

Housing affordability: A supply-side tool kit for cities

Research from the McKinsey Global Institute has examined the scope of the ... pedestrian-friendly cityscapes. Places such as Hong Kong and Seoul have already intensified land use around transit stops. Seoul allows floor-area ratios that are up to 20 ... ( read original story ...)

Chinese luxury customer market to hit $1 trillion RMB by 2025

In a new report from McKinsey & Company, titled ‘Chinese luxury consumers ... Shopping overseas remains a key reason to travel, as Hong Kong remains the most prominent destination, followed by South Korea. Consumers have become considerably less keen ... ( read original story ...)

OFX Hires Mike Kennedy as President, North America

Before founding clearXchange, Mr. Kennedy was an Executive Vice President with Wells Fargo and an Engagement Manager at McKinsey & Co. He has a Master ... San Francisco, London, Hong Kong and Auckland. The OFX Group Limited is a publicly listed entity ... ( read original story ...)

HSBC picks company veteran John Flint as new chief executive

The appointment is the first major decision taken by former AIA Group (1299.HK) chief Mark Tucker, who officially took up his post at HSBC just 12 days ago as its first externally-appointed chairman. Flint, who is not related to Tucker’s predecessor ... ( read original story ...)

Hong Kong Slaps Banker With Ban for Mobile Phone, WeChat Use

Hong Kong’s securities watchdog banned a brokerage employee from the industry for four months for the manner in which he used his mobile phone and Tencent Holdings Ltd.’s WeChat to take orders from clients. Xu Tao, a former investment consultant of ... ( read original story ...)